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If It's Tuesday, It's "Short Squeeze" Time

Tyler Durden's picture




 

Who could have seen that coming? "Most shorted" stocks, having recovered from the early squeeze, have been monkey-hammered higher once again as the confidence and home sales data hit. It's Tuesday after all - so why not buy the junkiest of the junk and ride it for a 3x beta outperformance...

 

 

UPDATE: POMO ends and the short squeeze is over...

 

Charts: Bloomberg

 

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Tue, 06/24/2014 - 10:42 | 4889224 slaughterer
slaughterer's picture

Dubai money coming in.  They are smart.

Tue, 06/24/2014 - 10:46 | 4889243 flacon
flacon's picture

Every Tuesday morning I think "It's going to be different this time" and every Tuesday I am wrong. 

Tue, 06/24/2014 - 10:52 | 4889268 NoDebt
NoDebt's picture

Who the hell are all these short sellers?  Do they enjoy having their heads bashed in over and over and over and over?

Tue, 06/24/2014 - 10:57 | 4889285 Soul Glow
Soul Glow's picture

The Fed can levitate stock prices until they can't, and then they will short stocks like they did in the Fall of '08.  The PPT can make money on both sides of the trade like everyone else.

Tue, 06/24/2014 - 10:59 | 4889302 Dr. Engali
Dr. Engali's picture

That's not going to happen this time. When the rug is finally pulled out from under this market, it's going to vaporize and there won't be anybody left to collect that short position from. There will be no 'money' to be made on the downside.

Tue, 06/24/2014 - 11:03 | 4889325 flacon
flacon's picture

Engali, then we had better all buy calls and join the madness. 

Tue, 06/24/2014 - 11:07 | 4889336 Dr. Engali
Dr. Engali's picture

I've been taking advantadge of the printing and BTFD, taking profits and buying real assets for a long time now. I gave up trying to short this pig years ago. 

Tue, 06/24/2014 - 11:16 | 4889382 DavidC
DavidC's picture

Dr. Engali,
There is nothing that persuades me that 'this time is different'. This is a bubble and it WILL pop.

DavidC

Tue, 06/24/2014 - 11:27 | 4889433 Dr. Engali
Dr. Engali's picture

Yes it will, but not in the manner that you believe.

Tue, 06/24/2014 - 12:02 | 4889588 halfasleep
halfasleep's picture

doc, honest question, why do you believe that this time will be different than any of the other crashes of the past century+? why would tptb want to discontinue this wash-rinse-repeat fleecing, as it seems to simple to regurgitate this narrative?

Tue, 06/24/2014 - 11:20 | 4889398 pound the vix
pound the vix's picture

I got burned last crash by the fed banning short sales.  I had puts on stocks only to wake up to a massive short sqeeze because they banned shorts on GE, and the banks.  I was right on how bad these companies were, but got killed.

Tue, 06/24/2014 - 10:56 | 4889290 Dr. Engali
Dr. Engali's picture

It's hard to believe that they keep coming back for more punishment.  

Tue, 06/24/2014 - 10:57 | 4889298 NoDebt
NoDebt's picture

It's almost like there's...... a pattern or something.

"Thanks, Captain Obvious"

Tue, 06/24/2014 - 11:00 | 4889311 Soul Glow
Soul Glow's picture

I went short in April after being long since the Spring of '09.  When everyone's on one side of the boat I usually get in the life raft.

Tue, 06/24/2014 - 10:54 | 4889278 DavidC
DavidC's picture

You and me both Flacon - I waited for the ramp up, sold into it...and it's carried on going up.

DavidC

Tue, 06/24/2014 - 10:55 | 4889286 flacon
flacon's picture

We will know that the oceans have turned to lemonaid when bond prices are up and bond yields are up at the same time. ;)

Tue, 06/24/2014 - 11:02 | 4889316 NoDebt
NoDebt's picture

I love lemonaid.

Tue, 06/24/2014 - 11:11 | 4889356 flacon
flacon's picture

François Marie Charles Fourier (7 April 1772 – 10 October 1837) was a French philosopher.: "Fourier is best remembered for his writings on a new world order based on unity of action and harmonious collaboration. He is also known for certain Utopian pronouncements, such as that the seas would lose their salinity and turn to lemonade, and a coincidental view of climate change, that the North Pole would be milder than the Mediterranean in a future phase of Perfect Harmony"

Tue, 06/24/2014 - 11:16 | 4889379 NoDebt
NoDebt's picture

Now THAT'S global warming I can live with!

Tue, 06/24/2014 - 11:26 | 4889429 disabledvet
disabledvet's picture

Funny. I noticed that too. "Dubai down 22%."

This is why all the wackos in the USA have demanded Al Mailicki be terminated. They're up to their eyeballs in real estate speculation in the ME.

If Iraq comes on line economically speaking (10 million barrels a day) then obviously that means the huge real estate bubble that is the Middle East will get nuked. (Just as happened in 2008.)

I also took not of the huge cancellation in orders for the Airbus A350.

And that Europe has allowed certification of the new Cessna. "The jet that flies itself."

Tue, 06/24/2014 - 10:43 | 4889231 TabakLover
TabakLover's picture

Unreal.  Did no one hear Plosser this morning?  "Rates may have to rise sooner"  In times of sanity that comment = -100 Dow.

Tue, 06/24/2014 - 10:46 | 4889247 Dr. Engali
Dr. Engali's picture

EVERYBODY knows Plosser is lying. 

Tue, 06/24/2014 - 10:59 | 4889304 NoDebt
NoDebt's picture

"How can you tell when a Fed official is lying?"  Pretty sure everyone knows the rest.

Tue, 06/24/2014 - 11:29 | 4889440 disabledvet
disabledvet's picture

Exactly. "Slowly but surely the Zero Hedge consensus is being formed."

Tue, 06/24/2014 - 10:44 | 4889234 Ancona
Ancona's picture

That was me.

I cashed in all of my pennies today and bought the DOW with it.

Tue, 06/24/2014 - 10:44 | 4889235 PlusTic
PlusTic's picture

fake mkts...nuthin left to talk about

Tue, 06/24/2014 - 10:44 | 4889236 Bill of Rights
Bill of Rights's picture
3,137-County Analysis: Obamacare Increased 2014 Individual-Market Premiums By Average Of 49%

 

http://www.forbes.com/sites/theapothecary/2014/06/18/3137-county-analysi...

Tue, 06/24/2014 - 10:48 | 4889241 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

At least gold rose a little more overnight. Of course, as usual, we now have to watch it get relentlessly attacked during U.S. trading hours. Still, at least it moved in the right direction.

Tue, 06/24/2014 - 10:48 | 4889255 Dr. Engali
Dr. Engali's picture

Just checked the safe and my gold hasn't moved in any direction.

Tue, 06/24/2014 - 11:04 | 4889323 nink
nink's picture

Give your gold to to me. I will look after it for free and put it in my safe and give you a piece of paper with a nice logo on it.  I will put that gold to work for you and give you a huge return on investment doubling the number of pieces of paper you have within a year.

 

Tue, 06/24/2014 - 11:15 | 4889371 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

um, no thanks. I'll keep my gold. So sue me for wanting its fiat value to rise. 

Tue, 06/24/2014 - 10:58 | 4889301 orangegeek
orangegeek's picture

it places the POMO into the markets - again

Tue, 06/24/2014 - 11:08 | 4889342 Hongcha
Hongcha's picture

Dr., I don't see any finality of resolution.  They can ying and yang it as long as they like and just milk the skim, take the vig.

It looks and feels great, to those participating; people spending money, hiring Mexicans again to mow their lawns instead of doing it themselves, et cetera.  Manifold 'benefits'.  Who was it said the early stages of hyperinflation feel great?

the problem is, you are eating out of your master's hand.  When he pulls his hand away, no more.  The entire shebang appears to be connected by wires to the Fed and therefore it's rigged, it is the very definition of 'rigged'.

Tue, 06/24/2014 - 11:32 | 4889457 Yen Cross
Yen Cross's picture

   Look @ RUT and NQ. They're up 2x the DOW... 'Shadow Puppet Theatre'. full retard edition

Tue, 06/24/2014 - 11:36 | 4889480 jubber
jubber's picture

ALL Europe red

Tue, 06/24/2014 - 11:49 | 4889533 Squid Viscous
Squid Viscous's picture

Posterboy for this retardo market is Zillow, pissing away $ every qtr, with no long term proprietary/defensible business model...ooh but the rev's are growing so let's pay 25x sales...

Tue, 06/24/2014 - 13:07 | 4889810 jubber
jubber's picture

we seem to be going off script, Dow red Russell just dumped 10 handles S&P almost red

Tue, 06/24/2014 - 13:17 | 4889835 craus
craus's picture

I see the USD/JPY aka 102 tractor's work has all been for nought.

Don't they know we don't want or need them anymore?

Go home FEDs you're not wanted.

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